Who can open a Wealthsimple Trade account?

Be a Canadian citizen, Canadian resident, or have a valid Canadian visa

Be at least 18 years old

Have a Social Insurance Number

Have a Canadian residential address

Be able to satisfy identity verification requirements

When you open a non-registered account, we have to take a few extra steps to verify your identity as these accounts are not registered with the Canada Revenue Agency (CRA). This being the case, for anti-money laundering (AML) purposes we perform this extra step of verification to make sure we are not dealing with any unsavoury types and to protect our clients' identities.

This verification involves confirming the details you entered with a credit reporting agency. If all of your details match, then your account will open right away! However, if there are discrepancies, we first ask you to confirm those details to make sure they were entered correctly when signing up. If necessary, we then ask you to provide us with additional documentation, such as a bill or a T4 statement or Notice of Assessment. Don't worry, we will reach out if this is the case!